Bitcoin (BTC) faced a significant price drop over the weekend due to the release of August nonfarm payrolls (NFP) data, which failed to meet analysts’ expectations. This led BTC to plummet by nearly 5%, dipping below the $54,000 mark and hitting its lowest level since early August. The resultant market volatility led to the liquidation
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Friend.tech’s recent decision to transfer ownership of its smart contracts to Ethereum’s null address has sent shockwaves through its ecosystem. The immediate market reactions and the subsequent drop in the value of the FRIEND token have raised concerns about the platform’s future viability. However, this move is just the tip of the iceberg, as Friend.tech
When analyzing the current state of the crypto market, it is essential to consider the insights provided by crypto analyst Daan Crypto. In a recent analysis, it was highlighted that Bitcoin’s price action is heavily influenced by its ability to hold above the $60,000 range. The Bitcoin Rainbow Chart, a visual representation of price action
The United States Federal Bureau of Investigation (FBI) recently released a paper warning the public about the rising threat of aggressive attacks from North Korean hackers targeting the crypto industry. These attacks are not your typical cyber breaches; they involve intricate social engineering tactics that are difficult to detect, even by those well-versed in cybersecurity
Ever since Ethereum transitioned from Proof-of-Work to Proof-of-Stake in September 2022, its performance compared to Bitcoin has been on a decline. Initially considered as ultra-sound money, Ethereum has now lost its reputation and is teetering on the edge of undervaluation. Blockchain analytics platform CryptoQuant has pinpointed key factors contributing to Ethereum’s underperformance. These include inflationary
Bitcoin’s market price on crypto exchanges has recently fallen to its lowest point since the early August massacre, dropping below $50,000. This decline comes after a period of significant growth, following the approval of spot Bitcoin ETFs in the US. Despite a previous crash, where Bitcoin plummeted to similar levels only to rebound and reach
Cardano (ADA) is currently trading just below a critical resistance level at $0.33 after a week of intense fear and uncertainty in the market. Despite the challenging market conditions, on-chain data from IntoTheBlock suggests that some investors see this as a potential buying opportunity, anticipating a market recovery in the near future. This growing optimism
Bitcoin’s price saw a significant drop on Friday, only to bounce back slightly on Saturday and maintain a position above $54,000 since then. The cryptocurrency had been on a bullish trend earlier in the week, nearing $60,000 on Tuesday. However, a sharp rejection sent it tumbling to $55,500 by Wednesday. This was followed by another
A recent case in Scotland has caught attention due to the groundbreaking move to seize £110,000 from a 29-year-old individual, John Ross Rennie. This marks the first instance where proceeds of crime legislation have been employed to confiscate cryptocurrency as physical cash. The case was settled at the High Court in Edinburgh, raising eyebrows and
Recently, the U.S. Federal Reserve took action against United Texas Bank (UTB) due to significant deficiencies in its governance, particularly in its adherence to anti-money laundering (AML) laws and risk management related to virtual currency customers and foreign correspondent banking. An examination conducted in May 2023 revealed shortcomings in board oversight and senior management’s handling